An analysis and aging of the accounts receivable of Raja Company at December 31 reveal these data:
|
Accounts receivable |
$800,000 |
|
Allowance for doubtful |
|
|
accounts per books before |
|
|
adjustment (credit) |
50000 |
|
Amounts expected to become |
|
|
uncollectible |
65000 |
What is the cash realizable value of the accounts receivable at December 31, after adjustment?
(a) $685,000.
(b) $750,000.
(c) $800,000.
(d) $735,000.